News | November 04, 2007

Concuity Releases New ClearContracts Software for Revenue Cycle Management

November 5, 2007 - Concuity, a healthcare contract management and revenue recovery technology services company, today announced the release of its ClearContracts 7.2, which reportedly has increased calculation engine modeling capabilities and better system usability.

Health organizations are constantly occupied with managing underpayments and denials due to payer noncompliance and are always looking for better ways to monitor contract compliance. With ClearContracts, finance administrators and contractors can reportedly identify and correct systemic issues that cause revenue leakage and develop long-term strategies for combating payer noncompliance. The company says ClearContracts gives hospitals and health systems the ability to effectively manage each step of the contract revenue cycle process, as well as improve their cash position and reduce accounts receivable.

ClearContracts 7.2 gives healthcare organizations a broad range of enhanced modeling functionality that not only allows providers to model new contracts but also enables them to adjust their charges to more accurately reflect proposed reimbursement and more effectively negotiate future contracts. Enhancements to security and reporting features further increase enterprise-wide visibility, while enhancements to the user interface increase contract loading efficiency, flexibility, and consequently the user experience.

For more information: www.concuity.com

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